Address
1307 Tamarind Avenue Los Angeles, CA
Price
$ 1,950,000
Property Attributes
  • MLS#20626692
  • TypeContingent
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90028
  • StyleContemporary
  • Price$ 1,950,000
  • Bedrooms7
  • Full Bathrooms7
  • Half Bathrooms0
  • Lot Size6,503 SqFt
Listing Provided Courtesy Of:
Dana Brody with Dana Brody
Data Source:
CLAW
Property Description

Best Deal in Hollywood! To Be Delivered with Three Units Delivered Vacant, potential for more. Priced at $339 per foot, 1307 Tamarind is the perfect 7 unit value-add multi-family income opportunity in a Prime Hollywood location! Situated on a 6,503 SF R4 lot located in an Opportunity Zone, 1307 Tamarind is ideally located just steps from the World-Famous Sunset Boulevard, walking distance to an array of shops and restaurants, as well as the worlds most iconic travel and sightseeing destinations. Great opportunity for a savvy investor to pick up units in the hottest part of town, near the Sunset Gower Studio 500,000 square foot expansion, Netflix, HBO and Viacom. The location and the opportunity don't get much better than this! Fantastic location, income upside potential, walkability to work and play. Excellent Income Producing Asset in Prime Hollywood Location! Surrounded by luxury for rent and for sale product, 1307 Tamarind once renovated will provide future renters the ability to live in one of the best, most walkable neighborhoods in Los Angeles for a fraction of the cost of new luxury apartments. 1307 Tamarind features a mix of (5) 1+1 units and (2) 2+1.5 units. Seller is currently in the process of doing the required seismic retrofit work, will be completed before close. This is the value-add opportunity you have been looking for!

Price History
9/1/2020 Listed $2,200,000
11/16/2020 1% - $2,199,999
11/27/2020 1% - $2,180,000
12/23/2020 9% - $2,000,000
2/8/2021 1% - $1,995,000
2/26/2021 3% - $1,950,000

General Features

Architectural Style Contemporary
Carport Y/N Yes
Facing Direction East
Heating Radiant
Levels Two
MLS Area C20 - Hollywood
Parking Features Attached Carport
Pool Features None
Property Type Residential Income
Security Features Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
Spa Features None
Terms Cash
Total Actual Rent 169188
Total Units 7
Virtual Tour http://www.1307tamarind.com/?mls
Zoning LAR4

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.14
Lot Size Area 6503
Lot Size Source Estimated
Lot Size Square Feet 6503
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90028

Price
AVG $2.24M
$1.95M
Visits
AVG 45
80
Year Built
AVG 1968
1965
Walkscore
AVG 90
78
Data Provided by Walkscore ® not using MLS data

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